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Old Monterey Home for Sale

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    $895,000

    • 2 Beds
    • 1 Bath
    • 982 Sq Ft

    182 El Dorado St, Monterey, CA 93940

    Discover a rare opportunity to purchase a charming, freestanding professional office building, perfectly suited for medical or professional practices, with the unique potential for conversion back to a stunning residential home. Located in a highly visible area, this Monterey-style property combines historic elegance with modern updates, offering a versatile and inviting space for your business

    Monterey Peninsula Home Team KW Coastal Estates

    182 El Dorado St, Monterey, CA 93940

Why Live in Old Monterey

Old Monterey is a neighborhood rich in history and scenic beauty, set against the dramatic backdrop of the California coastline. Its cobblestone streets and historic adobes reflect a blend of Spanish colonial and New England architectural influences, with homes ranging from 18th-century adobe structures to Monterey Colonial styles. The area is known for its cultural and historical attractions, with landmarks like Colton Hall and the Larkin House adding to its charm. Alvarado Street serves as the main thoroughfare, recognized for its historical significance. Education options include the highly rated Monterey High School, offering diverse programs such as the Art, Media and Performance Academy. The neighborhood's culinary scene is vibrant, featuring spots like Old Monterey Café and Melville Tavern, while Fisherman's Wharf nearby offers fresh seafood and lively dining experiences. For outdoor enthusiasts, Jacks Park, just outside Old Monterey, provides over 8 miles of hiking trails with ocean views, and Larkin Park offers a peaceful setting for picnics and play. Although grocery options within the neighborhood are limited, essentials can be found at a nearby 7-Eleven, with larger stores like Whole Foods a few miles away. The closest hospital is the Community Hospital of the Monterey Peninsula, located 2.2 miles away and accessible via Monterey-Salinas Transit.

Frequently Asked Questions

Is Old Monterey a good place to live?
Old Monterey is a good place to live. Old Monterey is considered very walkable and very bikeable with some transit options. Old Monterey is a suburban neighborhood. Old Monterey has 6 parks for recreational activities. It is sparse in population with 2.6 people per acre and a median age of 42. The average household income is $69,533 which is below the national average. College graduates make up 43.5% of residents. A majority of residents in Old Monterey are renters, with 93.4% of residents renting and 6.6% of residents owning their home. A local real estate agent serving Old Monterey can help you decide if this neighborhood is the right one for you. Learn more on our Old Monterey neighborhood guide.
How much do you need to make to afford a house in Old Monterey?
The median home price in Old Monterey is $1,010,000. If you put a 20% down payment of $202,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $5,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $219K a year to afford the median home price in Old Monterey. The average household income in Old Monterey is $70K.
What are the best public schools in Old Monterey?
The best public schools that serve Old Monterey are:
What are the best private schools in Old Monterey?
The best private schools that serve Old Monterey are:
  • Santa Catalina School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.4.
  • San Carlos School has an A Niche grade, a student teacher ratio of 13:1 and an average review score of 4.7.
  • Trinity Christian School has an A- Niche grade, a student teacher ratio of 5:1 and an average review score of 4.1.
What are the most popular zip codes in Old Monterey, Monterey, CA?
The most popular zip codes in Old Monterey, Monterey, CA include 93940, 93923, 93950, 93953 and 93955.
What are the most popular neighborhoods near Old Monterey, Monterey, CA?
The most popular neighborhoods near Old Monterey, Monterey, CA are East Monterey, Old Town, Monterey Vista, New Monterey and Skyline Forest.

Home Trends in Old Monterey, CA

Housing Trends

Median Sale Price
$1,087,150
Median Single Family Sale Price
$991,075
Average Price Per Sq Ft
$865
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$1,010,000
Median Change From 1st List Price
3%
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